The Federal Reserve decided to scale back or taper its assets purchases by another $10 billion per month. I had expected the possibility of a pause but apparently, the December economic data was good enough to convince them that less stimulus was necessary. As expected, the market opened weak, rebounded a bit and then went […]
Facebook (FB), Google (GOOG), S&P 500 (SPX)We are in the midst of a secular bull market. This is the most hated bull market that I can recall during my career which began on Wall Street at Morgan Stanley (MS) in 1984. Unfortunately, most of today’s market participants; especially those under the age of thirty-five have never experienced a secular bull market. […]
Apple (AAPL), Caterpillar (CAT), Cisco (CSCO), Dow Jones Industrials (DJIA), Ford (F), Google (GOOG), McDonalds (MCD), Microsoft (MSFT), Morgan Stanley (MS), S&P 500 (SPX)As we are within a few hours of the ball dropping in Times Square, I wanted to take the time to reflect upon My Gut Feeling for 2013. Hence, here were my thoughts as we entered the year and how they fared: Bottom up estimates for 2013 earnings as complied by Standard & Poor’s for its […]
Aberdeen Israel Fund (ISL), Con Edison (ED), Duke Energy (DUK), Exelon (EXC), Southern Company (SO), Twiter (TWTR)Every year since 2002 I have closed out the year with my satirical look at the world through the eyes of a professional investor poking fun at what has transpired in our global society during the year we are about to turn the page on. At the end of this commentary, I will provide links […]
Facebook (FB), Kimberley-Clark (KMB), Macy's (M)The Federal Reserve Open Market Committee or FOMC came down from its financial Mt. Olympus to deliver a decision on monetary policy. The market was as I predicted flattish, up till then. The headline decision was to decrease its monthly purchases of bonds by $10 billion to $75 billion. That is what was referred to […]
Darden Restaurants (DRI), Dow Jones Industrials (DJIA), Facebook (FB), Google (GOOG), Hershey (HSY), Nike (NKE), S&P 500 (SPX)